Price has formed an inverse Head and Shoulder on Daily Chart and broke through the nechkline. On H4, Price has retested previous S/R (Neckline).
An Ideal long for multiple lots with the last lot targeting weekly highs. Stop loss should be placed below 1.8047 and targets for multiple lots should be set accordingly.
An Ideal long for multiple lots with the last lot targeting weekly highs. Stop loss should be placed below 1.8047 and targets for multiple lots should be set accordingly.
Note
Final target/targets should be around 1.87 - 1.88
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.